When thinking about the path to retirement, we tend to assume a typical trajectory: go to school, get a job and then work tirelessly for the next 40 years. But in reality, there are many different paths to the same destination. Today, many people are opting to find alternate ways to retirement, opting out of the traditional decades-long grind.
Putting an early end to the punching of time cards used to be considered the luxury of Powerball winners. But these days, there are many options for people with the desire to cash out early.
For instance, many people are opting to change the language of work altogether. Instead of going into retirement, many are seeking instead to achieve financial independence—being in a position of having sufficient personal wealth to live without having to actively work for basic necessities.
So how can you achieve financial independence? Here are a few ways to get started.